The BMO World Elite Business Mastercard earns BMO Rewards points and is available to sole proprietors and small business owners in Canada.
This card offers 4 BMO Rewards points on gas, office supplies, cell phone services, and internet bills in addition to offering two annual complimentary airport lounge passes within the Dragonpass Lounge program.
Learn how you can be approved for this business credit card as an individual.
Earning Rewards
The BMO World Elite Business credit card earns BMO Rewards points for all purchases made on the card:
- 4 BMO Rewards points for every dollar spent on gas, office supplies, cell phone services, and internet bill purchases (up to $50k in spend per calendar year).
- 1.5 BMO Rewards points for every dollar spent on all other purchases.
Redeeming Rewards
BMO Rewards points can be redeemed for travel, merchandise, gift cards, a statement credit, or towards a cash investment in a BMO investment account.
The best value in redeeming your BMO Rewards points is to use them for travel purchases, booked through the BMO Travel Portal. When redeeming points towards bookings made through the travel portal, the redemption rate is 150 BMO Rewards points = $1 CAD.
Benefits
BMO World Elite Business cardholders are eligible to receive complimentary LoungeKey membership, in addition to two complimentary airport lounge passes. These LoungeKey passes can be used for the cardholder in addition to their guests. Learn more about the LoungeKey membership.
Insurance Coverage
The BMO World Elite Business credit card offers seven types of insurance coverage:
- Travel accident insurance
- Trip cancellation and trip interruption insurance
- Rental car collision loss and damage waiver
- Delayed and lost baggage coverage
- Flight delay insurance
- Purchase protection
- Extended warranty coverage
Refer to the BMO World Elite Business insurance certificate for additional details, including terms and conditions for eligibility.
Other BMO Rewards Cards You Might Consider
| Credit Card | Welcome Bonus | Net Value | ||
|---|---|---|---|---|
|
BMO Ascend World Elite | 60,000 BMO Rewards | $402 | Apply |
|
BMO Eclipse Visa Infinite | 60,000 BMO Rewards | $402 | Apply |
|
BMO Eclipse Visa Infinite Privilege | 90,000 BMO Rewards | $104 | Apply |
|
BMO Rewards | 10,000 BMO Rewards | $67 | Apply |
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